Vilnius Regional Court has issued a decision to open a restructuring proceedings of AUGA group, AB
January 06 2025 - 9:07AM
UK Regulatory
Vilnius Regional Court has issued a decision to open a
restructuring proceedings of AUGA group, AB
On 6th January, 2025, Vilnius
Regional Court has decided to open restructuring proceedings of
AUGA group, AB, legal entity code 126264360 (hereinafter referred
to as the Company). The decision regarding the opening of
the Company's restructuring case has not yet come into effect. The
Company will notify investors separately of the decision's entry
into force.
"The court's decision to open restructuring proceedings will
allow us to address the interests of all the stakeholders, restore
long-term solvency, and preserve the long-standing activities
and jobs in the regions that would continue creating value-added to
the national economy. We will remain committed towards achieving
our previously set goals and carrying on with the actions meant to
ensure the successful implementation of the restructuring," said
Kęstutis Juščius, Chair of the Board of AUGA group.
Both until and after the approval of the restructuring plan, the
Company and its subsidiaries stand firmly by its long-standing
operations in crop growing, dairy, mushroom growing, and FMCG
supply.
Contacts:
CEO of AUGA group, AB
Elina Chodzkaitė-Barauskienė
+370 5 233 5340
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